Rent vs Buy in Connecticut
Compare 5 cities across Connecticut. Find out whether renting or buying makes more financial sense in your area.
5cities analyzed
Avg Home:$500,000
Avg Rent:$2,240/mo
Avg Price/Rent:18.6
Connecticut Housing Market Summary
5
Cities Analyzed
1
Favor Buying
0
Favor Renting
4
Toss-Up
Across Connecticut's 5 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.
The average home price in Connecticut is $500,000, with average rents at $2,240/month. This gives an average price-to-rent ratio of 18.6.
$Most Affordable Cities
$$Most Expensive Cities
All Connecticut Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Bridgeport | $450,000 | $2,000 | 18.8 | 8 yrs | Toss-up |
| Stamford | $530,000 | $2,450 | 18.0 | 7 yrs | Toss-up |
| New Haven | $520,000 | $2,350 | 18.4 | 7 yrs | Toss-up |
| Hartford | $535,000 | $2,100 | 21.2 | 8 yrs | Toss-up |
| Waterbury | $465,000 | $2,300 | 16.8 | 6 yrs | Buy |
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Run Your Own Numbers
These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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